Bannon's War Room - May 22, 2026


Episode 5391： Failure To Pass The SAVE America Act; AI Polling And Recent Grad Sentiment


Episode Stats


Length

55 minutes

Words per minute

181.5

Word count

9,983

Sentence count

626

Harmful content

Misogyny

14

sentences flagged

Toxicity

6

sentences flagged

Hate speech

39

sentences flagged


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

Sen. John Cornyn (R-Texas) joins CNN to discuss his campaign for Attorney General Ken Paxton's primary challenger, Lupe Valdez (D-Dallas), and why he's running for President Trump's 2020 campaign.

Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
00:00:00.000 Colonel Ken Paxton said he's going to stop negative ads on television.
00:00:04.100 His PAC has vowed to do the same thing.
00:00:06.480 Will you do that, or how do you feel about him saying he's going to do that at this stage in the race when it's not over?
00:00:11.140 You know, judgment day is coming for Ken Paxton, maybe in more ways than one.
00:00:18.360 But the election on May the 26th is the first time he will actually have been held accountable for all of his misdeeds.
00:00:26.560 He lied to his senior staff who turned him in to the FBI because he was interfering with a federal investigation of his campaign treasurers.
00:00:37.600 When he fired them, they became whistleblowers, sued him, and got a $6.6 million judgment against the state of Texas.
00:00:45.640 That's you and me.
00:00:46.620 He's not going to have to pay that.
00:00:47.820 You are.
00:00:50.260 And then he's lied to the people of our great state.
00:00:54.600 And so the question arises, why on the world, on what possible basis would you trust Ken Paxton?
00:01:05.020 So no, we're not going to quit telling the truth about his record because I believe that accountability is critical.
00:01:13.360 And I do believe that May 26th will be judgment day for Ken Paxton in Texas.
00:01:18.460 If Ken Paxton is the nominee, would you vote for him?
00:01:22.800 I've said I will support the ticket.
00:01:26.320 And a quick follow-up question.
00:01:28.700 After the March primary, President Trump said that he would be endorsing someone in this race
00:01:33.360 and that he would ask the other candidate to drop out.
00:01:36.580 You obviously are not dropping out.
00:01:38.080 You're fighting through having events all over the state of Texas.
00:01:42.640 Your message for President Trump, what about you staying in this race?
00:01:45.800 Well, I think it's significant that the president hasn't made that request.
00:01:50.500 He's called me a friend, and it's no surprise because I've supported him and his policies.
00:01:57.940 You may have seen a commercial or two to that effect, 99.3% of the time.
00:02:04.680 Actually, it's funny, a quick story.
00:02:06.440 I was in Dallas and visiting at First Baptist Church there,
00:02:11.600 and one of the associate pastors came in with his two young boys, and he said,
00:02:15.700 We told them on the way to church they were going to meet Senator John Cornyn, and they piped up.
00:02:23.240 He's voted 99.3% of the time with President Trump.
00:02:28.360 And I said, well, that's great.
00:02:30.000 The message is getting through, but it's the wrong demographic. 0.95
00:02:34.620 But, no, this is going to be, we're running through the tape, and we're here to ask for every vote that we can get.
00:02:44.220 And I think that will be justice for Ken Paxton.
00:02:48.800 But if Ken Paxton, with the incredible baggage that he brings into this election, were to somehow end up being the nominee, he could well lose that race to James Tallarico.
00:03:03.280 We haven't elected a Democrat statewide in Texas since 1994.
00:03:10.040 for. You know what that would mean? Not only for our state, but President Trump's agenda.
00:03:16.380 Because the money that would have to be spent here in Texas to salvage a flawed candidate like
00:03:24.140 Ken Paxton has to come from somewhere. And where it would likely come from is other key Senate
00:03:29.920 races around the country, like Georgia, North Carolina, Michigan, New Hampshire. It would
00:03:36.160 be hundreds of millions of dollars. And there's still a good chance that he would lose. But even
00:03:42.900 if he somehow, by some strange occurrence, happened to become the nominee, he will not be
00:03:52.180 winning by the kinds of margins that would be necessary to help down ballot. And so just to
00:03:57.960 be specific about that, that means the five new congressional seats that President Trump
00:04:02.940 one in Texas to draw which we did draw those will all be right below the Senate
00:04:08.100 race on the ballot and then you get to the state races and then you get to all
00:04:13.200 the other statewide races Ken Paxton would be an albatross around the neck
00:04:19.500 of the Republican ticket in November if I didn't believe that I wouldn't
00:04:26.520 literally be running today but I'm proud of what we've accomplished in our state
00:04:32.000 i know it's worth fighting for and that's why we're fighting to win this election yeah you're
00:04:41.800 fighting you're fighting judgment day is coming for for um uh for cornyn and la savita 150 million
00:04:50.240 dollars which the ads have gotten uglier and nastier and there's a poll out caroline wren's
00:04:55.980 going to join me here friday 22 may euroville 2026 kicking off our memorial day coverage got an
00:05:01.220 amazing special tomorrow i'll tell you more about it uh and then obviously we're live on um monday
00:05:08.100 again with uh four hours of coverage from 10 a.m to 2 p.m on all the commemoration
00:05:12.980 by president trump and an irlington national cemetery and all of it um caroline wren uh
00:05:20.300 judgment day is coming i believe in accountability what cornyn said the president of these united
00:05:25.920 States just put up on True Social, pass the Save America Act. He's obsessed with it because he
00:05:32.060 understands how important it is for the country. Connect the dots there. You actually came up with
00:05:37.260 the strategy. You gave Cornyn a path to victory. All Cornyn had to do was to work with Thune
00:05:46.140 and pass the Save America Act. And unprecedented in American history, Ken Paxton, being the patriot
00:05:53.100 that he is, understanding how important this is for the president's agenda, how important it is
00:05:58.800 for MAGA, he offered himself up. No politician in the history of the country has said, hey,
00:06:04.060 if my opponent will do his job, just do his job and work with the president of the United States,
00:06:09.860 I will step down after spending, I don't know, 20 or 30 years as attorney general in other positions
00:06:15.200 that he would basically give up his political career. And he's worked so hard the last three
00:06:20.160 or four years to be U.S. senator. It's never happened before. That's what got people's
00:06:24.660 attention on a national basis. And and obviously locally, the grassroots in the war room know
00:06:29.860 what a the servant's heart is what Ken Paxson has. Tell me about John Cornyn, because John
00:06:37.120 Cornyn has just told you he's going to go out ugly. There's a new poll out that buries
00:06:41.840 John Cornyn. But I wanted to have him in all his glory again with accountability that,
00:06:46.160 you know, judgment days and coming. I believe in accountability. You're going to be held
00:06:49.460 accountable, Cornyn. You're going to be humiliated on Tuesday. Lassovita, your entire team are going
00:06:54.880 to be humiliated, spending $150 million to destroy the grassroots effort in Texas. Let's understand
00:07:00.540 what happened here. And Ken Pax and Caroline Wren, thoughts and observations. Yes, I mean,
00:07:06.900 President Trump is obsessed with passing the Save America Act because he ran on it. He ran on
00:07:12.400 securing our elections and not allowing illegals to vote and closing our border. We were able to 0.99
00:07:17.900 close the border, but the rest, a major part of his agenda is in the Save America Act, which the
00:07:23.440 Senate is refusing to pass. And so he's going to keep hammering on this. He won the popular vote
00:07:28.960 running on this. Hang on, hang on, hang on, stop, hang on, stop. Slow down, slow down, slow down.
00:07:33.920 I want to make sure people understand that. It's not that they refuse to pass it. They're not
00:07:38.820 working on it. We covered the whole thing with Mike Lee, the brave Mike Lee, Eric Schmidt.
00:07:43.180 That was all performative. They tried their best. Nobody in the Senate backed them up.
00:07:47.880 That was all performative for two weeks. It's not the Senate's not passing it, Caroline.
00:07:53.260 Cornyn and these guys refused to work on it, and they just put it up in President Trump's grill.
00:07:58.920 We're just going to go home and go on another holiday and maybe take a Codel because we're too busy.
00:08:04.460 We're so far from passing that. And President Trump, some free advice from the war room.
00:08:10.420 I love the tweet. I love the true social. I love it. But, hey, that process starts with removing John Thune.
00:08:18.620 Your grassroots base, the MAGA base, is turfing out John Cornyn on Tuesday.
00:08:26.840 If you now take that and turf out John Thune, now there's no other way.
00:08:31.360 Caroline, help me out here. Is there any other way than the removal of the leader of the United States Senate, ma'am?
00:08:37.780 no because the only way to pass the save america act is to nuke the filibuster because you're never
00:08:44.700 going to get 60 votes because the democrats cannot vote yes for this even though they know
00:08:49.040 it's common sense uh but they will never win an election again if the save america act passes so
00:08:54.260 you're not going to get any democrats to vote for it and then look the democrats that are refusing
00:08:58.480 or the republicans refusing to pass this are the ones that are on their way out look at senator
00:09:03.120 mcconnell senator cassidy senator tillis and now you know what this is amazing about what cornyn
00:09:08.600 is showing his true colors this is what we were talking about for the last six weeks on this show
00:09:12.480 as to why cornyn could not have another six years is because it is dangerous to have these senators
00:09:17.820 that we know hate the trump agenda hate maga to be in the senate without having to knowing they're
00:09:24.180 not going to run for re-election again because cornyn there was no way he was going to run for
00:09:27.380 another term after this he is too old so right now he is proving to us exactly what he told we
00:09:32.100 we're warning you guys about. We need new blood and people that actually support Trump's agenda.
00:09:37.260 And because these guys on their way out, they love to love to just obstruct what this country
00:09:42.420 wants and what President Trump wants. And they want the Save America Act passed. They want free
00:09:47.820 and fair elections, and they do not want illegal aliens voting in their elections. It is that 1.00
00:09:52.520 simple. And you have to nuke the filibuster. And John Thune is unwilling to do it. And we would
00:09:58.460 have to have 51 votes but right there you've got mcconnell tillis uh now i'm sure cornyn said he
00:10:03.880 would do it now he's definitely not going to and so this is the box that we're in but i i hope
00:10:07.960 president trump he shouldn't cave on any of this and he should keep pushing them on it when you
00:10:12.980 came up with this structure and ken paxton hit the bid right away and really took ownership of it
00:10:17.320 embraced it uh cornyn here's the thing cornyn didn't really lift a finger he actually had a
00:10:23.500 path to remain in the Senate. But Caroline, you know how they work. They were never going to pass 0.98
00:10:29.580 that. Why are they not going to pass it? Because it empowers the grassroots in this country. And
00:10:34.200 remember, they're all about, they are, the Senate is the institution in which the ruling class of
00:10:39.760 this country controls. It's the legislative branch that the biggest donors control. That's
00:10:47.560 why Cornyn had a path to save himself. Let's put that poll up again. He's going to be humiliated
00:10:52.460 on Tuesday. He talks about
00:10:54.660 Judgment Day. Judgment Day is coming, bro.
00:10:57.840 Accountability is coming.
00:10:59.780 Once you gave
00:11:00.760 him a path to victory
00:11:02.120 and he didn't take it.
00:11:04.920 Why? Because he thought he could
00:11:06.640 just, he thought like they always do,
00:11:08.580 he could just bluff his way through here. Caroline Wren.
00:11:12.100 Yeah, and
00:11:12.740 President, I mean, Ken Paxton,
00:11:14.440 a few days ago, a poll came out. He was
00:11:16.720 up 11 points. He was already going to
00:11:18.640 win this, and then Donald Trump rightfully
00:11:20.660 did come out for him. But now these senators lashing out against Trump, it's like, okay,
00:11:25.360 he was, even if Trump hadn't endorsed, Paxson was still going to win because the Texas voters knew
00:11:29.540 how bad Corden was. But now it looks like Paxson could end up winning by 20, potentially 30 points
00:11:34.880 on Tuesday. And that is just going to be a resounding defeat of a four-term incumbent
00:11:40.280 U.S. senator that spent $125 million to Ken Paxson's maybe 10, 12 million. And so this will
00:11:47.900 send shockwaves around, you know, D.C., the political culture, and I'm very excited about it.
00:11:54.120 But my favorite framing that's coming up is, you know, Cornyn and the D.C. establishment keeps
00:11:58.300 saying, oh, Ken Paxton, he's morally challenged because he allegedly had a brief affair while he
00:12:04.960 was separated from his wife. Meanwhile, the Democrats have a Senate candidate in Graham
00:12:09.960 Plattner. Ken Paxton's going to be running in Graham Plattner. They're going to be screaming
00:12:14.200 about Ken Paxton maybe having this alleged affair. Well, Graham Patner has a Nazi tattoo. He said he
00:12:19.600 likes to masturbate and porta-potties. And yesterday, my new favorite Graham Patner post 1.00
00:12:24.640 was that he posted that active duty military Reddit thread. He said that soldiers should
00:12:30.860 spend their leave banging hookers in Thailand instead of getting slapped by their wives back 1.00
00:12:35.880 home. Direct quote from Graham Patner. So explain to me the people that are going to be yelling 1.00
00:12:39.920 about ken paxton's immorality while defending graham plattner being a u.s senator graham is
00:12:45.080 of course running against susan collins in maine but the framing is going to be amazing
00:12:48.540 but hang on plattner's up six plattner's going to win it's going to win going away why
00:12:54.980 susan collins voted to remove trump from office in the united states senate 1.00
00:12:59.880 maga understands that you're wrong you're wrong susan is in a d plus 12 state we should let her 0.66
00:13:07.740 do whatever the heck she needs to do. She was there for us when we needed her vote on Kavanaugh 0.88
00:13:11.760 and others. You are not going to convince me on this. And by the way, every public
00:13:15.680 poll in 2020 had her down by 8 to 10. She won by
00:13:19.680 9 points. I don't need to convince you. I'm not trying to convince you. I'm just
00:13:23.780 saying what the facts are. You can just tell. The grassroots in this country are
00:13:27.760 not motivated by any of these candidates. The only candidate that's got is
00:13:32.000 Rogers in Michigan because they're going to nominate 0.90
00:13:35.520 a uh nominate a uh a radical muslim right now that's where the senate's got to pass the save
00:13:41.540 america act i haven't seen i haven't seen collins you just mentioned collins is one of the no votes
00:13:46.080 you can't have it both ways she's not going to get any support she's against all of president 0.98
00:13:51.200 trump's agenda we have to give her the space to do it if you're in the grassroots in maine
00:13:56.540 do not listen to steve go vote for susan collins i'm not i have never i've never i've never i've
00:14:05.260 I've never told anybody not to vote for her.
00:14:08.960 I'm just saying with the feedback up there is, the reason is such little enthusiasm.
00:14:13.540 She voted to remove President Trump from office, full stop.
00:14:17.040 She and Murkowski are the last two.
00:14:19.000 That's just a fact.
00:14:20.680 She's one of the biggest no's on Save America. 0.97
00:14:23.360 You can't have it both ways.
00:14:24.940 Anyway, short break, we're going to go to South Carolina. 0.88
00:14:26.840 Caroline Wren leading the charge. 0.81
00:14:29.420 A little fire in the war room on a Friday morning, kickoff Memorial Day weekend.
00:14:33.280 birchgold.com make sure you go we're going to have by the way the second hour of the show we're
00:14:39.080 going to be in the east room for the swearing in of the chairman of the federal reserve coming into
00:14:44.720 a buzzsaw right now president trump wants a rate cut of course 10-year treasury of bowling's going
00:14:49.780 to be with us jim rickards is also going to join us go through all of it take your phone and text
00:14:54.240 bannon at 989898 the ultimate guide for investing in gold and precious metals in the age of trump
00:14:59.760 The American health care system is broken, and for most Americans, nothing changes.
00:15:05.560 There's still delays, denials, high-cost insurance roadblocks.
00:15:09.660 So when I find people doing things differently, I talk about it.
00:15:14.640 All-family pharmacy is not your typical big-chain pharmacy.
00:15:18.080 This is an independent, family-owned pharmacy that gives you access to over 400 medications delivered straight to your door.
00:15:26.640 They've got ivermectin, antibiotics, antivirals, NAD+,
00:15:32.340 even your daily maintenance medications, and so much more.
00:15:36.740 If you already have a prescription, your doctor can send it directly.
00:15:40.520 If you don't, their doctors handle it.
00:15:43.220 As long as there is a medical necessity, they'll take care of you.
00:15:47.700 And I'll tell you this, the feedback from people listening to this show
00:15:50.400 and watching has been incredibly strong.
00:15:53.540 People are using it.
00:15:54.620 It's working for them, and they're sticking with it.
00:15:57.220 That's because it cuts out the delays, the middlemen, and all the usual nonsense.
00:16:02.660 This is about being ready before you need it.
00:16:06.800 Go to allfamilypharmacy.com.
00:16:08.960 That's all one word, allfamilypharmacy.com slash Bannon,
00:16:12.760 and use code Bannon10 to save 10%.
00:16:16.140 The health care system is broken.
00:16:19.000 Your pharmacy doesn't have to be.
00:16:21.460 Here's your host, Stephen K. Vann.
00:16:27.040 We're bringing in now Caroline Ryan, Senator Collins' campaign.
00:16:30.060 I'm just kidding. 0.86
00:16:31.280 The indefatigable Caroline Ryan.
00:16:34.340 We're going to get to South Carolina in a minute.
00:16:35.840 Caroline, Joe Allen's going to join me on the EO of the Executive Order on Artificial Intelligence.
00:16:41.860 Bowling and Rickards are going to be here.
00:16:43.680 Talk about the economy, particularly interest rates tied to the war.
00:16:46.720 They've come back to us with a response.
00:16:48.880 President Trump's not going to be happy, but progress is they're trying to grind through.
00:16:52.880 And we're going to go to the East Room for the swearing end of the chairman of the Federal Reserve.
00:16:58.340 Caroline, let's go back to the Save America, because that's what the grassroots is focused on, because they understand how important it is.
00:17:04.360 Also, correct me if I'm wrong, doesn't because because of the restrictions on illegals being counted and voting,
00:17:12.780 that it actually puts Nevada and New Mexico really in place so we can pick up two new states.
00:17:18.220 What is your when you talk to the president, what is your logic here of how we're actually going to get this done?
00:17:23.540 How are we actually going to get passed? 0.51
00:17:26.100 If illegals truly can't vote and you rein in mail-in ballots, then I'm not sure what state the Democrats could win. 0.87
00:17:33.380 Like maybe you could still win Oregon, Washington state. 0.91
00:17:37.400 I'm not even sure they could win California if you really clean up our elections.
00:17:40.380 That is why the Save America Act is so lethal and why it has to get done.
00:17:44.740 But there's no way to get it done without getting rid of the filibuster.
00:17:48.680 And I think we should talk about the filibuster for a minute.
00:17:50.960 The filibuster is not something that was in our Constitution.
00:17:53.660 There was nothing in the Constitution about having to have 60 votes in the Senate to pass a bill.
00:17:58.660 This was something that was added in later.
00:18:00.200 And the biggest benefit of the filibuster and the 60-vote threshold is K Street, the lobbyists and the corporations. 0.62
00:18:07.420 Because it forces the senators to have to horse trade with each other and horse trade across the aisle.
00:18:12.500 It is those lobbyists that do the wheeling and dealing and trading on different votes.
00:18:16.420 Fine, I'll cross over and vote for this for you, but I want my funding for X.
00:18:20.160 The lobbyists are the ones who facilitate all that.
00:18:22.440 Not to mention, if you only have to have a simple majority to pass a bill, then it is
00:18:26.640 very dangerous for major corporations, major insurance corporations, major pharmaceutical
00:18:32.040 companies.
00:18:32.880 It will be way easier to target them and say, hey, you are no longer going to take advantage
00:18:36.680 of the American people.
00:18:37.600 We have 51 votes to shut down the activity that you're doing.
00:18:41.080 And you can keep, you know, plug and play with different industries on this.
00:18:44.540 And it was the corporations and lobbyists that put in this 60 vote threshold and that have stopped us from are the ones who are the most opposed to lifting the filibuster.
00:18:55.200 Now, those are the same corporations that fund, you know, the Senate leadership fund on the Republican side, also on the Democrat side.
00:19:02.240 Now, the Democrats just had such a revolt against the filibuster last term that they had enough speak out that it's gone for them.
00:19:08.720 Like they they they have said when they come back in, I'm sure I'm quite certain almost every single Democrat senator on record has said the filibuster is gone.
00:19:16.340 We take over the Senate again and we're going to pass at a 51 majority.
00:19:19.820 So it's now the Republicans who are refusing to.
00:19:22.360 And they're acting like Trump is asking them to do this impossible thing.
00:19:26.620 No, President Trump is asking you to do what the entire Democrat caucus has already publicly said they're going to do, which is pass bills at a 51 vote threshold.
00:19:35.300 isn't a thune sending people home is going to be about uh leadership i mean there's been a revolt
00:19:44.380 they have treated president trump like a lame duck the senate has not been in recess formally
00:19:51.820 one day while president trump's been president in his first term or his second term they treat now
00:19:57.600 they treat him on every aspect every part of the trump agenda that doesn't totally fall into what
00:20:01.880 their donors want, they block. So we're in it. We're in a conundrum right now. They don't have
00:20:08.420 60. They don't have 51. Right. So what then are we to do, Caroline Wren? We need to win these
00:20:15.120 Senate races and then we will certainly have 51. Think about it. I mean, Andy Barr is going to
00:20:18.660 replace Mitch McConnell. Boom. There you go. That was one of the no votes. Tom Tillis is gone. We've
00:20:23.500 got to get Michael Watley and boom. There's a replacement to that. Bill Cassidy's gone. Julia
00:20:27.560 Letlow has said she will nuke the filibuster. There you go. That's the pathway. We have to
00:20:31.980 lean in so hard to win these Senate seats, to remain in the majority, and then replace the
00:20:37.700 ones that are against this, which were, you know, Cornyn now says that he would vote to,
00:20:43.380 or say, yes, I'm okay with nuking the filibuster, but please, can Paxton will be an actual leader
00:20:47.420 on this? And if we make this a referendum on the election, which it is, this is what President
00:20:51.920 Trump leaning in on these primaries and defeating these people overwhelmingly, that is the referendum
00:20:56.280 on nuking the filibuster. So I think it can happen as soon as we if we can just retain this
00:21:02.060 majority after November, then I think the filibuster could be gone. And we win these
00:21:07.940 seats. And you believe by winning these seats, that convinces Thune we are supplicants to John
00:21:12.760 Thune, that the grassroots movement, the MAGA movement and President Trump go as a supplicant
00:21:16.960 to John Thune and say, pretty please, we delivered all this for you, that you worked against us,
00:21:21.620 particularly against Cornyn and all these other situation, Cassidy, all these other situations.
00:21:26.280 but we delivered for you and continued your brand leadership,
00:21:29.740 will you pretty please pass the Save America Act?
00:21:32.260 Is that the plan?
00:21:33.100 If that's a plan, okay, I'm down for it.
00:21:34.800 That sounds like at least President Trump loves optionality.
00:21:38.980 That's an option, but is that the option?
00:21:40.620 You're saying right now in May of 2026,
00:21:43.300 our best option is to wait until 5 January of 2027
00:21:48.340 when we've swept the Senate and we hold still a couple of seat majority
00:21:53.780 and we deal with John Thune as leader.
00:21:56.280 Yeah, I'm not saying it's the best option. I'm saying it's the only option. There are not the votes to lift the filibuster right now. And so we can blame Thune or not. But like the no votes are quite obvious. And they are Tom Tillis and they are Bill Cassidy and they're Mitch McConnell and they are Lisa Murkowski. And then, yes, Susan Collins, we already fought about that.
00:22:15.260 And so those are the no votes, whether or not it doesn't matter if our majority leader is Barrasso or Mike Lee or Rand Paul or there's not.
00:22:25.000 We don't have the votes that is, you know, so that I don't want to rail too much on Thune.
00:22:30.320 Problem is, Thune may be that we don't exactly know.
00:22:32.760 He hasn't told us what he thinks.
00:22:34.520 He is just saying these are the no votes.
00:22:36.720 So my point is that we need to three of those people are already definitely going to be gone and we're going to have Republican replacements.
00:22:43.180 And then we need to hold some of these other seats, i.e. Susan Collins.
00:22:46.940 And then I do think that in January we can and that you have two years then to really ram through Trump's agenda.
00:22:53.720 OK, good. Let's go to South Carolina quickly. Your bomber command.
00:22:57.960 Obviously, it's a very sophisticated crowd in the South Carolina Senate, right? 0.76
00:23:02.120 They know how to roll and they don't like a lot of I take it they don't like a lot of outside recommendations of how they should how they should react to things, ma'am.
00:23:13.180 Well, the posse has been very successful in putting pressure on them. So we are moving forward right now. I mean, it was dead on arrival a couple of weeks ago. And so right now there's going to be a major procedural vote that takes place around midday today that will be to suspend the rules of the state Senate debate around the redistricting bill. And it's a major kind of test vote for passage. And this will tell all the other senators like how hard to fight for this or not. And if it passes, then we're off to the races.
00:23:39.100 We need 31 votes for passage. I think we have about 38 Republicans. We do not. I'm not sure if we have those 31 votes. That's what we're going to see in this test vote.
00:23:48.440 You know, they some of them feel invincible because they're not up for another two years.
00:23:51.940 I made the point I was speaking to some state senators yesterday and said, well, Bill Cassidy voted to impeach the president five and a half years ago.
00:23:58.700 And the voters did not forget. And Donald Trump did not forget. So just that you're up in two years, you're doomed.
00:24:04.060 So if it does fail, or if that vote does fail today, though, we're not dead.
00:24:09.080 It just means that we still have to see it through the entire timeline, and we're up against this timeline of early voting starting next week.
00:24:17.880 And so right now, you know, there are different procedural plays.
00:24:21.040 I can tell you the White House is all over this.
00:24:23.040 The governor is all over this.
00:24:24.660 Lieutenant Governor Pam Ebbett is all over it.
00:24:26.940 So I still have hope, but it's not a done deal.
00:24:30.040 Last but not least
00:24:32.860 People are all over this
00:24:34.180 We'll keep everybody informed on this throughout the day
00:24:36.440 And we'll give you Caroline's Twitter feed
00:24:39.220 Which we'll go to 0.62
00:24:39.780 Last thing, there's been a lot of noise on the internet
00:24:42.600 About Alabama
00:24:43.820 That is still possible
00:24:45.020 In South Carolina we're talking about getting rid of Clyburn's
00:24:48.160 His district and going 7-0 there
00:24:50.340 There's a possibility in Alabama
00:24:51.800 I take it, at least what I'm seeing
00:24:54.020 Analysis up on the internet
00:24:56.600 That is still possible
00:24:58.460 In Alabama, do you buy that?
00:25:00.040 no the speaker of the house in alabama said absolutely not and then the governor is 81
00:25:05.660 years old and i don't think has any appetite it was hard enough to get her to do the first special
00:25:10.960 session so uh i believe it's morgan murphy who put that up who is an absolute rock star he's one
00:25:15.960 of the people who really forced this to happen to even get that uh one seat but uh that was even
00:25:22.300 such an uphill battle that i just i don't want to send the posse down roads that are going to
00:25:26.700 be impossible because i've gone down that road already and you know we don't want to shape we
00:25:31.820 don't want to chase rabbits that's why you do that you do the hard lifting first and let us
00:25:35.220 know what's going on caroline wren today on your twitter feed you're gonna keep us up to date on
00:25:39.480 all of this where do people go ma'am sure it's at caroline wren on x true social getter
00:25:45.900 caroline thank you thank you for everything you're doing thank you for coming on this
00:25:50.020 morning appreciate you it was fun to be the susan collins spokesman today it's caroline wren you're
00:25:57.320 a fighter you're practical got to hold the senate i'm all for holding the senate i'm saying you got
00:26:01.400 they got to do something to fire people up that main race going to be is going to be and susan
00:26:06.640 collins used to be a neighbor of us she was right in the neighborhood with the uh with the war and
00:26:10.100 posse looked on the looked on the building of the worm every day um joe allen last in a dramatic
00:26:17.960 fashion uh the executive order got pulled and now we know it got pulled because uh the former czar
00:26:26.540 david sachs either contacted zuckerberg or must they talked beforehand or afterwards we don't
00:26:31.480 know but with all the work the white house staff did and as you know we didn't love it but at least
00:26:36.880 it's starting a process uh it gets pulled we got about a minute here what's your assessment
00:26:43.160 Well, it appears that I was correct.
00:26:45.280 As we were speaking about it yesterday, the president was influenced by those who have the biggest vested interest in making sure these guys never really have any government oversight, that they're self-regulated.
00:26:57.440 You know, the staff worked very hard on this.
00:26:59.400 This is a very well thought through.
00:27:01.060 We didn't love it.
00:27:02.660 We liked it.
00:27:03.460 We thought there were some big issues about voluntary being a voluntary system versus mandatory.
00:27:09.360 Twelve days to review it versus three months.
00:27:12.300 having the intelligence service particularly nsa involved here the biggest thing and this is what
00:27:18.320 axios picked up as i call the buried lead scott besson having an active role in this right scott
00:27:23.820 besson is unimpressed with the oligarchs he doesn't think they're particularly mature he
00:27:29.740 doesn't think they uh they really put the interests of the country first he understands
00:27:32.960 their and he's willing to fight for it perhaps literally exactly he's already thrown down with
00:27:38.600 elon once and got and what was that over that was over uh that was over i think it was uh i don't
00:27:45.340 want to jump that about oh irs it was about irs it was about irs it all reports to scott now and
00:27:51.400 it was about elon wanted his guy there like elon wanted his guy in um you know to get his ipo done
00:27:56.840 he had to have the guy isaacman come back for nasa give him more contracts give him more no-bid
00:28:01.100 contracts so they didn't want they did not want scott beset they did not want an adult to have
00:28:06.980 anything to do with this that's where they went into panic mode and sacks worked on every turn of
00:28:11.220 this so at the last second trust me they had one of those senior guys read it and said hey pull this
00:28:17.800 thing because you're setting up a process ain't sure commercial break the dollar's convertibility
00:28:22.500 into gold ended in 1971 gold was fixed at 35 an ounce well fast forward to today and the u.s dollar
00:28:30.780 has lost over 85 percent of its purchasing power. Gold, on the other hand, is increased in value by
00:28:38.060 over 12,000 percent. That's why central banks are buying gold at record levels. That's why major
00:28:44.800 firms like Vanguard and BlackRock hold significant positions in gold. And that's why I encourage you
00:28:51.740 to consider diversifying your savings with physical gold from Birch Gold Group. But it starts with
00:28:58.840 education birch gold just announced their learn and earn precious metals event this free online
00:29:05.000 event rewards you for learning the basics of investing in precious metals sign up to get a
00:29:09.720 free silver on your next purchase get even larger incentives as you go the more you learn the more
00:29:16.980 you can earn but you must act now as this special event only runs through april 30th the dollar
00:29:23.780 lost its anchor in 1971 you don't have to lose yours text my name bannon b-a-n-n-o-n to the
00:29:32.480 number 989898 to join birch gold's learn and earn precious metals event by april 30th text
00:29:40.160 bannon b-a-n-n-o-n to 989898 and do it today war room here's your host stephen k bann
00:29:49.320 ebola we're talking about our staff here um the uh uh ai we're gonna have some uh a cut about
00:30:02.280 these graduations the executive order here's the thing about the executive order folks take a deep
00:30:08.060 breath trust the process this is the first time this was not on children's safeguards and all
00:30:13.800 those others which is all being worked on by other people and i realize every day we don't
00:30:18.620 of an executive order, some sort of regulatory
00:30:20.380 appraisal, is the day that the oligarchs are winning.
00:30:22.760 I got that part. But
00:30:24.440 the staff of the White
00:30:26.560 House put their shoulder to the
00:30:28.520 wheel, and through many iterations,
00:30:30.420 we had something. It wasn't perfect. It was
00:30:32.380 voluntary versus mandatory. It
00:30:34.400 was 12 days versus three months.
00:30:36.780 It didn't have some other action, but NSA
00:30:38.300 was involved. The intelligence community was involved.
00:30:41.040 Scott Besant
00:30:41.940 was involved, right, because
00:30:44.380 of the financial jeopardy of our financial
00:30:46.400 institutions about the AI and cyber
00:30:48.320 combo um and it set a structure for the first time it set a structure and it had a process
00:30:55.480 we could get make those processes tighter and tougher over time they understood these are not
00:31:02.020 dumb people mark zuckerberg and elon musk and david saxian understood what they were doing and
00:31:08.360 that's why they ran the president said please just tear it up we don't want anything we're 0.98
00:31:11.160 totally accelerations now they totally lie to him every day about china about the china situation 0.90
00:31:17.000 We need to deal with China and the ecosystem. 0.63
00:31:19.620 We have allowed these entrepreneurs to build around China and make money. 0.66
00:31:23.600 Your thoughts about that?
00:31:25.520 Yeah, China, the China argument is absurd to me for a number of reasons.
00:31:29.380 The biggest being, what is it exactly that we're competing to be against China?
00:31:35.180 I can understand from a military perspective, if the military use of AI is directed outward
00:31:41.800 and not towards surveilling American citizens or, God forbid, eliminating American citizens,
00:31:48.520 then that makes sense.
00:31:49.800 But the entire push of the AI industry is not towards national security.
00:31:55.660 The push is to flood the culture with as many bots as they possibly can.
00:32:00.900 You can see already that AI slop now accounts for over half of the content being produced online.
00:32:08.460 You can see from academia to corporate life, and even I hear in government agencies, the process of people becoming over-reliant on the AIs.
00:32:19.640 They lose their own agency.
00:32:21.100 They lose their own cognitive abilities.
00:32:23.560 And pretty much this cyborgization of society seems to be the goal of these companies.
00:32:29.540 People, human beings become vessels for their algorithms. 0.79
00:32:33.360 If that is what we're competing against China for, well, I guess we're succeeding. 0.76
00:32:37.460 But the real question is, long term, if Americans become these atrophied cyborgs without even the benefit of the superpowers that Elon Musk is promising, then I'm not really sure how it is that long term America remains competitive against China or any other country unless they all go full on ant farm, too. 0.55
00:32:57.500 So, yeah, the China argument doesn't make sense on that front. 0.55
00:33:00.760 What are we actually trying to become by competing against China?
00:33:03.720 And it also doesn't make sense, given that most or all of these guys that are pushing for this competition against China are also doing everything possible to bolster China and make sure that China remains competitive.
00:33:16.740 Let me say this.
00:33:18.160 As a construct, we cannot allow the Chinese Communist Party, no.
00:33:23.420 Jensen Wong, who's an agent of influence for the Chinese Communist Party, quite evident.
00:33:27.800 When he said, hey, it doesn't really matter if China takes the lead here,
00:33:31.940 it doesn't really matter if a Chinese company takes the lead,
00:33:34.240 that shows you the psychological warfare. 0.78
00:33:36.720 We clearly have to be dominant in artificial intelligence. 1.00
00:33:39.680 The way, the step one is to literally shut down any aspect of the Chinese. 0.99
00:33:45.940 If you go back to the analogy of nuclear weapons, you know, the Russians got the atomic bomb. 1.00
00:33:52.460 They got the hydrogen bomb. 0.95
00:33:53.780 But they had to have people on the inside stealing their secrets, as the Chinese have right now. 0.95
00:33:57.740 But there wasn't an open cooperation of American industry and the American military working with an existential threat at the time. 0.96
00:34:04.540 They executed the Rosenbergs over it. 0.92
00:34:06.740 Big time. 0.98
00:34:07.080 Big time for the hydrogen bomb. 0.83
00:34:09.320 And they made life miserable. 0.57
00:34:11.040 If you saw the movie Oppenheimer, they made life miserable for people they even suspected.
00:34:15.500 Let's say Oppenheimer is probably a little more than suspected.
00:34:18.000 So they they they they drop the hammer.
00:34:20.820 We have to do the same thing.
00:34:21.840 That's why I keep saying as imperfect as it is, we don't need an FDA.
00:34:25.100 We need something like the Atomic Energy Commission was in the management of nuclear weapons.
00:34:30.840 Where do we go from here?
00:34:32.140 Right now it's polled and every day you don't have anything is a day they're winning.
00:34:36.240 That's why they're trying to slow walk Blackburn's legislation in the Senate.
00:34:40.540 They're trying to, you know, they're trying to chop block anything that's going on.
00:34:45.060 People are still grinding. Right.
00:34:46.500 There's going to be this over the weekend.
00:34:48.800 We're going to get together with everybody to sign the letter to kind of regroup.
00:34:52.440 What are your thoughts? You're one of the you're one of the intellectual leaders of this movement.
00:34:56.060 What are your thoughts? I mean, show you the desperate shape.
00:34:59.380 What I see going forward, Steve, we as we've discussed so many times, they've got the money.
00:35:05.060 We've got the people, the people across the board is bipartisan.
00:35:08.680 And it's not it's not just Republicans and it's not just us stimulating it organically.
00:35:15.000 The American population is they want to see the power of these companies reduced.
00:35:20.920 They want to see some degree of oversight, just at least up to the level of automobiles, airplanes, sandwiches, these sorts of things, medicines, these sorts of things.
00:35:30.120 So the people want something done.
00:35:32.900 And I think that, yeah, the EO is a step in the right direction, but it's a very, very, very small step because it addresses cybersecurity.
00:35:41.980 And that's really important. And it addresses cybersecurity primarily on behalf of financial institutions.
00:35:46.940 But you have to have, I think, going forward, this will be one step.
00:35:51.660 You will have to have child safety. You will have to have everything else to do with the kind of AI psychosis.
00:35:57.420 This is the emergency we've been talking about about these. Hang on for a second. I need to keep you around. We've got CNN polling, all of that. You just stick right here. Joe Allen's going to stick with us. We're going to get much more into this. We've got to go to the White House for the for the swearing in ceremony for the Federal Reserve chair. I've got two of our brightest bowling.
00:36:16.420 First off, you and Jim Rickards, before we get to before we get to the Fed chair and the buzzsaw that Warsh is walking into, talk to me overnight.
00:36:26.100 Where do we stand? Where do we stand with markets, the deal?
00:36:28.360 Because you see and I think Zero Hedge had a great outline of the 10 points that are being discussed between the Arabs and the Persians right now.
00:36:38.560 And people are saying, hey, behind the scenes that we're working towards something.
00:36:41.220 And I'm not so sure President Trump's going to be that thrilled with what he's seeing in those points.
00:36:45.520 And particularly, they go out of their way to say there's no comment at all on the nuclear weapons situation.
00:36:52.020 In fact, they're saying that they're going to keep the Ayatollah saying they're going to keep the pixie dust.
00:36:57.500 Your thoughts are where we stand with the war and the deal.
00:37:00.600 So interesting three day weekend coming up.
00:37:03.500 Also, timing is important.
00:37:05.920 Oil market has been all over the board this morning, up two dollars, down two dollars, back to up two bucks.
00:37:10.640 because everyone's trying to figure out what's going to happen. 0.76
00:37:13.660 I'm sorry, Monday or Tuesday, May 25th is the beginning of the Hajj,
00:37:17.300 the high Muslim holiday, the trek to Mecca. 0.85
00:37:20.420 The question is, do you kinetically attack a Muslim country 0.63
00:37:23.640 during that period, May 25 to 30?
00:37:26.140 I would suggest probably not because, Steve, a long time ago, CPAC,
00:37:31.080 I was filling, you were talking on the big stage on CPAC.
00:37:34.840 I was co-hosting the war room with Maureen, 1.00
00:37:37.260 and I suggested the Iranian, 91 million people, Iranian people step up and start to push back
00:37:43.940 against the IRGC. I got eviscerated by the crowd and your audience saying, oh, you can't tell them
00:37:49.000 to walk into death. I said, well, if they truly want change, that's the only thing that's going
00:37:53.140 to make change. It's not going to be bombs. It's not going to be sinking their ships or bombs
00:37:56.700 falling on their land. And so if that doesn't happen, so you can't attack a Muslim country
00:38:04.340 during the Hajj. You would have to wait till after, which means the oil industry is looking 0.98
00:38:08.300 at higher oil prices for another five, six days, which also taxed another probably week or so or
00:38:13.560 two onto the backside when oil does come down. Trump has been saying oil will come down. He's
00:38:18.460 right. He's also been saying gas will come down. I'm not going to say he's not right. I'm going to
00:38:23.260 say he's being overly optimistic because it's not coming down for months. Interest rates have
00:38:28.240 elevated greatly since Trump left Beijing, Xi Jinping, without a deal on the blockade.
00:38:33.960 We're seeing the 30-year, all-important 30-year, 605, which is very high, and the 10-year,
00:38:41.860 which you have pointed out several times, that's where most people are paying on their credit
00:38:45.340 cards, 4.6 still above that all-important 4.5.
00:38:51.200 You want that below 4, you like it near 4, it's at 4.6.
00:38:54.800 A lot of the indicators are going to tell me that Warsh, and some of the things he said on CNBC leading up to his confirmation, was that he believes the Fed is the only thing that can tame inflation.
00:39:08.740 Not outside forces, not supply, not demand, the Fed monetary policy.
00:39:13.120 So I don't know how he can do anything but hold.
00:39:17.860 He's probably going to hold for the foreseeable future.
00:39:21.000 I mean, there's no chance he can cut rates.
00:39:23.980 And that's what Trump wanted. He wanted a rate cut out of Powell. But here's the good news is if it were Powell, we would have seen several rate cuts going forward if it were still Powell. So we're saving a little bit, but not to the point where it's actually a rate cut.
00:39:35.980 Hold on, you'd see rate increases. You wouldn't see rate cuts under Powell going forward.
00:39:41.840 I said, yeah. So if we were Powell, we would see several rate increases. I say several rate increases under Powell going forward.
00:39:48.120 No, no, you said cuts. But you're saying you don't think Walsh raises rates?
00:39:53.980 I think he's going to, yeah, I think he's going to make a case for holding, you know,
00:40:00.380 and especially saying inflation will tame when energy prices come down and energy prices will 0.69
00:40:06.060 come down as soon as there's some sort of deal coming out of the Middle East.
00:40:10.180 Well, you've seen that. You've seen the proposal. You've seen what they're working on.
00:40:14.020 Those 10 elements to it, President Trump's not going to be happy with half of it. He's not going
00:40:17.680 to accept half of them. He's not going to be happy with the rest. I don't think he's going to be happy
00:40:20.920 with any of these, right?
00:40:22.720 And they're still talking, they're sneaking around
00:40:24.400 about Hormuz, about are they going to charge fees or not,
00:40:26.780 or, you know, is it going to be free navigation?
00:40:28.740 But they don't include at all any discussion
00:40:31.720 of the nuclear weapons.
00:40:33.880 And the Ayatollah's now out. 0.85
00:40:34.920 Well, he may said, Steve, he's the last.
00:40:36.840 Reuters had the exclusive, the Ayatollah's saying,
00:40:39.980 hey, we're going to keep everything related to that.
00:40:43.620 That's why I think the market got hit yesterday, right?
00:40:46.100 But the White House pushed back on that Reuters report.
00:40:49.520 If you remember, that Reuters report was exclusive.
00:40:52.280 It rocked the market.
00:40:53.560 Market ran up.
00:40:54.860 And then the minute the White House said, no, that's not an accurate report, everything started at ease.
00:41:00.020 The point is there's rhetoric going back and forth.
00:41:02.520 The guys I talked to, the biggest traders in the world, wait to see what's happening.
00:41:06.540 And so far in the last 24 hours in the strait, there have been two vessels that transited the strait.
00:41:11.400 So boots on the ground or vessels in the water, so to speak, are telling you higher and Trump is going to tell you lower.
00:41:19.320 The question is, how are you going to get it lower?
00:41:21.240 And Steve, for a long time, you know, it's first I said, let's get out of here.
00:41:27.600 Cut a deal and get out in the first two, three weeks.
00:41:30.380 That ship has passed. 0.83
00:41:31.780 Now the deal for me would be stay with this blockade, even hit them in these power plants, in their roads, in their highways, make the Iranian people rise up against it. 0.72
00:41:43.920 I truly believe at this point, in order to get any sort of movement, regime change movement, if that's what the goal is, remember, it wasn't always a goal, but if that's the goal, it's going to have to come from pressure, obviously pressure outside from us, but pressure inside from the people. 0.73
00:41:59.160 I don't think the president, I don't think the president, I don't think, I don't think regime change, the only place regime change is on the table is in Tel Aviv.
00:42:06.680 And I think they've even given up on that. I don't see regime change.
00:42:09.840 So let me ask you that. What is President Trump?
00:42:12.520 They're negotiating, hold on, they're negotiating with the regime change, Steve.
00:42:16.140 What is it? We've obliterated their nuclear capacity. We heard about that in the 12-day war last year.
00:42:22.480 We've, you know, we have no interest in the Strait of Hormuz other than helping Europe, Asia and India at this point, China and India. 0.54
00:42:29.160 I got you, but I'm just saying technically, regime change wouldn't have been the 10.
00:42:34.560 The folks that sent that 10 points, they think they're winning.
00:42:39.540 That's something you send somebody when you think that they're winning.
00:42:43.060 That's why this has got to be, you know, President Trump.
00:42:45.520 Any day you fight back the great Satan and survive is a win for them.
00:42:51.340 It's perceived as a fanatical win for them.
00:42:54.260 They're martyrs.
00:42:55.520 This is in their DNA.
00:42:56.820 So, of course, they think they're winning.
00:42:58.140 But when the people can't get water or the people can't get from here to the next town over or they can't get out on an airplane because we hit their airports as well, airports, roads, final thought would be the desalization plans.
00:43:14.720 That neocon, you don't have to scratch too far in the surface for that neocon to come out and go bomb again.
00:43:21.500 Hang on one second.
00:43:22.280 You stay right there because I know you've got to bounce.
00:43:24.500 I'm going to take a short commercial break.
00:43:25.780 Birchgold.com, promo code Bannon, not promo code, Moe, I'm sorry, slash Bannon, end of the dollar empire.
00:43:35.820 Rickards and I are going to talk about this, the pressure on the U.S. dollar.
00:43:39.240 Boeing, stick around. I know you've got to bounce.
00:43:41.040 I just want to ask you about Warsh one more time before we get Rickards on here.
00:43:44.160 Short break.
00:43:45.560 This year marks a critical moment for our country.
00:43:48.400 As the opposition grows more aggressive and more unapologetic,
00:43:52.540 The fight now reaches into the everyday decisions we make.
00:43:57.080 Patriot Mobile has been standing on the front lines, fighting for freedom for more than 12 years.
00:44:03.080 They just don't deliver top-tier wireless service.
00:44:06.420 They are activists like me and like you in the Wolverine Posse who truly care about this republic and saving our country.
00:44:15.380 Patriot Mobile offers prioritized premium access on all three major U.S. networks,
00:44:21.580 giving you the same or better coverage than the main carriers themselves.
00:44:25.900 That means fast speeds and dependable nationwide coverage
00:44:29.560 backed by 100% U.S.-based customer service.
00:44:34.680 They also offer unlimited data plans, mobile hotspots,
00:44:38.240 international roaming, and more.
00:44:39.740 With a simple, seamless activation, you can switch in minutes.
00:44:43.500 Keep your number, keep your phone, or upgrade.
00:44:46.940 And here's the difference.
00:44:47.780 when you switch to patriot mobile you'll be part of a powerful stream of giving that directly funds
00:44:54.820 the christian conservative movement take a stand today go to patriot mobile.com slash bannon or
00:45:01.560 call 972 patriot that's 972 patriot and use promo code bannon for a free month of service
00:45:11.420 Don't wait.
00:45:12.180 Do it today.
00:45:12.740 That's PatriotMobile.com slash Bannon.
00:45:16.060 Or call 972-PATRIOT and join the team today.
00:45:21.340 Here's your host, Stephen K. Vann.
00:45:28.480 Eric Bolling, Lisa Bromowitz over at Bloomberg's got a tweet up,
00:45:32.720 and we'll get it up on Denver, and I'll make sure you and Rick can see it.
00:45:35.100 She goes back all the way to Arthur Burns in 1970.
00:45:37.740 and he puts the 10-year treasurer in the day they took off as a federal reserve chair.
00:45:43.880 Burns, 7.7%.
00:45:45.560 William Miller, 8%.
00:45:47.720 Volcker, 8.9%.
00:45:49.920 Greenspan, 8.7%.
00:45:51.560 Then Bernanke, it starts coming down all the way to 4.5%, what Warsh is doing.
00:45:59.380 What is your, just before we see, and by the way, I think it's been pushed back to 11.15.
00:46:05.160 This is one of the biggest appointments in President Trump, because this guy's going to be with us for, what, eight years?
00:46:12.380 This is one of the biggest, most important appointments outside the Supreme Court that the president will do.
00:46:17.020 Your thoughts on this day, sir, about Kevin Warsh, where we are in the bond market, where we are as a highly leveraged $300 trillion worldwide looking for a margin call.
00:46:31.880 Sir.
00:46:33.100 Yeah, we're on a perpetual margin call, so to speak, because we're approaching $30 trillion in debt.
00:46:39.740 We have to finance that, and we use those folks.
00:46:42.000 So that's why interest rates are so important, certainly to the household, because individual interest rates go up to 10-year, tied to your credit card, 30-year, tied to your mortgage.
00:46:51.780 But it's also the rates that we're having to pay other countries to finance our overspending.
00:46:58.600 So super important, even a tenth of a percentage point is massive in dollar amounts, raw figures.
00:47:04.360 Warsh, I believe, is a great appointment.
00:47:07.880 It's a great appointment because he sees the future.
00:47:10.340 He understands that monetary policy can move and will move, is the real only movement input to interest rates.
00:47:18.720 But it also tells me his hands are going to be tied to a certain extent.
00:47:23.700 He, Trump brought him in because Trump thought Jerome Powell should have lowered interest rates leading up prior to the war.
00:47:30.880 The war conflict changed the game completely, but prior to it, and Jerome Powell should have.
00:47:35.520 He was very reluctant.
00:47:36.820 A quarter point here, none quarter point.
00:47:39.680 He could have been more aggressive, and that's more wind to the sales of the economy.
00:47:43.600 Problem is now with the war with energy prices higher and inflation higher month over month, tripling the PPI last month.
00:47:51.220 His hands are tied to lowering.
00:47:53.240 The good news is if it were Jerome Powell, Powell would be raised, raised, raised, because he's a political animal, right?
00:47:58.120 So Powell's going to still be on the Fed.
00:47:59.960 He just won't be chairman anymore.
00:48:01.360 He'll be pushing for higher rates.
00:48:02.900 And I think Warsh will fight and push back against Powell and against Waller and some of the other Fed, let's call them folks that want to get in front of the inflation because they got burned by not doing it with Biden.
00:48:16.720 Biden's was fully, it wasn't just energy with Biden.
00:48:19.200 Biden was inflation of everything.
00:48:21.140 Everything costs more.
00:48:22.400 Regulation costs businesses more.
00:48:24.640 Manufacturing costs businesses more.
00:48:26.620 This is purely an energy play for Trump, and they know Trump can get it down.
00:48:30.780 And Warsh knows he can get energy prices down going forward.
00:48:33.820 So he will be a little less likely to slam the brakes, so to speak, by raising rates.
00:48:39.200 I think we're frozen through.
00:48:42.500 But the theory of the case when President Trump came in with Besson, I mean, Besson had a plan.
00:48:48.280 The plan was to get the you had the opportunity to get one more supply side tax cut.
00:48:53.860 That would be it. That was a big, beautiful bill with your tariffs and your tax cut focused on capital expenditure.
00:49:00.300 You had an opportunity to bring manufacturing jobs back to the United States and you were going to grow your way out of it.
00:49:07.860 That's very tough to do, but you're going to grow your way out of it.
00:49:10.340 that has all kind of been jammed up by this Iran war and not just the Iran war, but also the
00:49:17.840 highly leveraged, because the business model of the country right now, people should understand
00:49:20.960 this, we're a highly leveraged bet on AI, having productivity, massive productivity,
00:49:29.120 earth shattering productivity increases. When I say productivity increases, you should assume
00:49:35.600 That means massive job cuts, no career opportunities for young people coming out of STEM colleges or with STEM, very limited opportunities for them, and virtually no opportunities for the poor Schmendricks that are 40 years to 55, 60 years old that are STEM workers who are going to get rid of them first. 1.00
00:49:55.060 That's where we are now. 0.99
00:49:56.500 That's the bet.
00:49:57.820 It'd be quite difficult, I think, to kick back and go to the growth strategy.
00:50:02.740 Maybe.
00:50:03.420 I just don't see it.
00:50:04.320 So you're between a rock and a hard place right now, sir, even with settling in this war and going back to full-spectrum energy dominance or trying to get back to full-spectrum energy dominance.
00:50:15.060 You've got this guy's coming in today with a long, hot summer in front of us and big headwinds on this economy.
00:50:22.180 Am I correct on that assumption?
00:50:23.540 A hundred percent.
00:50:25.180 Big headwinds on the economy because big headwinds with inflation is going to continue to rise again, even if all clear as sounded tomorrow.
00:50:32.160 And you're right, Steve, the leverage bet. We're wildly leveraged. But guess what? Money isn't philanthropic. Money doesn't care about your politics. Money just seeks to grow money. That's the nature of the beast.
00:50:45.800 So, yes, AI, we're leveraging, and we're leveraging into what I believe will be the second industrial revolution in the AI world.
00:50:54.060 Will it change?
00:50:54.840 Of course it's going to change our employment structure.
00:50:58.360 So the Trump idea, I believe, and the Besson idea was to bring back manufacturing here, which was amazing.
00:51:06.120 It did amazing things for us in the 1920s.
00:51:08.960 The Industrial Revolution put us on the map, catapulted us to the top.
00:51:13.100 However, AI will do the same with intellectual property, which will be the most valuable commodity on the planet.
00:51:20.720 But here's what I'm going to do.
00:51:21.760 I'm going to officially start working on the Eric Bolling bot that can be on the 4 o'clock show and lead into us.
00:51:28.560 I think we need to do the Eric Bolling bot as part of the second industrial revolution.
00:51:32.720 It's going to happen.
00:51:33.820 Don't fight it.
00:51:35.260 You can't be replicated.
00:51:37.160 It's impossible to replicate bowling.
00:51:39.320 You're too over the top.
00:51:40.320 Eric, where do people go?
00:51:42.720 I'll see you back here at four.
00:51:44.500 Where do people go?
00:51:45.160 It won't be a bot.
00:51:45.980 It'll be actual Eric Bolling, right?
00:51:48.260 Where do people go to keep track of you, sir?
00:51:50.840 We will always have a Stephen K. Bannon.
00:51:53.080 At Eric Bolling, E-R-I-C-B-O-L-L-I-N-G, across all platforms.
00:51:57.680 Four and a half million strong.
00:51:59.460 Loving the war room.
00:52:00.280 Loving Steve Bannon and our little, sometimes we box a little bit.
00:52:04.440 And then sometimes Steve throws a haymaker right as the bell is about to ring.
00:52:08.700 and calls me in the Ocon when I am not in the Ocon, folks.
00:52:12.720 You've got to learn to punch like Wren did, man.
00:52:15.320 I said, sir, as Colin said, she voted to remove Trump,
00:52:18.500 and she hates to say, Reg, I don't care.
00:52:20.160 She's going to be in there.
00:52:21.180 You've got to say, okay, baby. 1.00
00:52:22.120 She's a fighter. 1.00
00:52:22.760 She's a fighter.
00:52:23.700 Didn't know you were an advisor. 0.66
00:52:24.800 She's great.
00:52:26.140 And so are you.
00:52:26.960 See you back here at four.
00:52:27.980 We'll let you go to work now.
00:52:29.780 Indeed.
00:52:30.260 Eric Bowling.
00:52:31.520 Thank you, brother.
00:52:33.320 We've got one of the wise men who joins us.
00:52:36.280 a gray beard an original gangster jim rickards from strategic intelligence uh he's going to join
00:52:44.520 us we're waiting for kevin warsh and the president united states i guarantee you then the oval office
00:52:49.960 catching up having a cup of coffee or a diet uh a diet coke and um talking about this uh very
00:52:57.320 important swearing in ceremony from the east room of the white house
00:53:01.160 still got an east room right that's not the east wing this is the east room that's one of the
00:53:08.000 reasons president trump wants to make a ballroom east room is not big enough needs a bigger stage
00:53:13.180 kevin warsh today sworn in as chairman of the federal reserve next in the war room
00:53:18.800 if you're 65 or already on medicare listen up folks and grab a pen maybe even a number two
00:53:27.680 pencil. Call 845-WAR-ROOM. That's 845-WAR-ROOM. Call it right now. I'm serious. Call it.
00:53:35.940 Now, here's why. The insurance companies and their lackeys in the Washington swamp have built a
00:53:41.400 Medicare system designed to confuse you and rip you off. Rising premiums, denied claims,
00:53:48.280 fine print nobody but a lobbyist understands. Millions of American seniors are paying too much
00:53:54.060 and getting too little. And worst of all, most don't even know it. Hey, that could be you.
00:54:00.340 That's why if you're already on Medicare or will be soon, you need to talk to our friends at
00:54:05.980 Chapter. They have a team of advisors trained to serve American seniors, not the insurance companies.
00:54:11.880 In under 20 minutes, they can find you the best plan for your needs at the lowest cost. Why?
00:54:17.940 they're a data company they have all the data on every plan it's totally free there's no pressure
00:54:24.880 no bs just straightforward honest help from fellow patriots so don't wait call 845 war room right now
00:54:32.100 that's 845 war room tell them bannon sent you now listen in the first couple of days of the launch
00:54:38.540 of this company with the war and posse posse members saved tens and up to hundreds of thousands
00:54:44.540 collectively of dollars in these fees go check it out today that's chapter call 845 war room do it